22 May 2015 12:44:26 IST

Banks agree to pay over $5 billion in fines

The banks will plead guilty to conspiring to manipulate the price of dollars and euros

Five of the world's biggest banks, including Barclays, JPMorgan Chase, Royal Bank of Scotland Group, UBS and Citigroup have agreed to pay fines of more than $5 billion to regulatory agencies. The banks will plead guilty to conspiring to manipulate the price of dollars and euros, authorities said. Click on this to read the whole article